ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ZHUD Zhuding International Ltd (PK)

0.0059
0.0001 (1.72%)
Last Updated: 18:59:22
Delayed by 15 minutes
Share Name Share Symbol Market Type
Zhuding International Ltd (PK) USOTC:ZHUD OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0001 1.72% 0.0059 0.0046 0.0059 0.0059 0.004 0.004 105,200 18:59:22

Van Gold to Drill Marcella Concession

21/06/2010 12:00pm

Business Wire


Zhuding (PK) (USOTC:ZHUD)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Zhuding (PK) Charts.

Van Gold Resources Inc. is pleased to report that the company has completed the ground based magnetic survey over the target area of the Marcella concession. The survey was mentioned in the March 10, 2010 Company News Release and targets an area of a government conducted Airborne Magnetic Survey Map that shows high magnetic readings.

The Marcella concession, 100% owned by Van Gold Resources, is located 20km northwest of the city of Navojoa in the state of Sonora, Mexico. The Marcella concession is located along major transportation routes and just 17km away from ArcelorMittal's iron ore processing plant.

As planned, the company contracted SJ Geophysics of Vancouver, BC in April 2010 to perform a ground based magnetic survey over the target area on the Marcella concession. The target area where the survey was performed measures 2.125km x 1km (7,000ft x 3,280ft).

The grid for the survey consisted of 18 lines 1km (3,280ft) long running north to south. The survey lines were spaced at 125m (410ft) apart and a ground based magnetometer reading was taken along each line every 31m (100ft). In total, 540 magnetic force measurements were taken by equipment operated by SJ Geophysics at stations located using a handheld Trimble GPS.

The readings from the ground based magnetic survey show that the magnetic field strength increases to the west of the first survey line and that the strongest magnetic field strength readings were taken between line 5 west and line 18 west. The survey remains open to the west as the magnetic strength readings at some stations were still well above the area norm on the last westerly line of the survey.

A map of the survey area that shows the results of the data gathered by SJ Geophysics during the survey can be obtained by contacting the above email address.

With the results of the magnetic survey, Van Gold is on track and intends to start drilling the target area in July. Drilling will be performed where the measured magnetic forces are the strongest on lines 10, 11, and 12 west.

Van Gold remains confident in our exploration endeavors on the Marcella concession.

President and CEOMartial H. Levasseur

1 Year Zhuding (PK) Chart

1 Year Zhuding (PK) Chart

1 Month Zhuding (PK) Chart

1 Month Zhuding (PK) Chart